Ocean Rig UDW Inc. acquires ultra deepwater drillship
Published by Angharad Lock,
Digital Assistant Editor
Oilfield Technology,
Ocean Rig UDW Inc. has announced that one of its subsidiaries has acquired the 6th generation ultra deepwater drillship Cerrado, being sold through an auction, for a purchase price of US$65 million, which will be funded with available cash on hand.
The drillship was built at Samsung Heavy Industries in 2011 to similar design specifications as the company's existing 6th generation drillships built at Samsung, and will be renamed the Ocean Rig Paros upon its delivery to Ocean Rig. Another subsidiary of the company has been acting as the manager of the drillship for its previous owners. The transaction is expected to close upon completion of the judicial auction procedure.
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/25042016/ocean-rig-udw-inc-acquires-ultra-deepwater-drillship-657/
You might also like
HELLENiQ ENERGY expands Chevron Partnership in an offshore block in the Ionian Sea
The agreement marks a further expansion of one of the most significant exploration partnerships currently developing in the Eastern Mediterranean, underscoring both companies’ commitment to unlocking the potential of Greece’s offshore energy resources.